Africa's first Black billionaire Patrice Motsepe’s investment firm surpasses $1 billion in net asset value
Motsepe owns an indirect 27-percent stake in ARC, contributing to his status as Africa’s first richest man.
Motsepe owns an indirect 27-percent stake in ARC, contributing to his status as Africa’s first richest man.
Motsepe owns an indirect 27-percent stake in African Rainbow Capital Investments.
Motsepe, South Africa’s richest black person, owns a 27-percent stake in African Rainbow Capital Investments.
With this latest acquisition, ARC reinforces its commitment to building a greener future.
TymeBank is owned in part by ARC Financial Services Holding, a Black-owned and -controlled company linked to Motsepe.
ARC Financial Services Holding, a company founded by Motsepe, owns a stake in TymeBank.
The investment company has entered negotiations to add a fintech conglomerate to the group.
The deal would create one of South Africa’s biggest lenders.